Background:

So, sometimes I like to play completely improvisational drum solos with my friends and dad (and record them). Changing their physical location in the environment is not really an option. Let's pretend that I only have two cheap SDC's and two inputs to record them (and am too broke to upgrade). On these recordings I put the mics at a 45 degree angle, 'looking' at each individual drumset, and panned them hard left and right. My theory was to simulate a listener sitting in between each set. I figured there being drums, and drums are loud, that the would be plenty of bleed between the two sets that it would sound natural. Can't really change that now anyway. I added some light bus reverb to both tracks to put it in a bit of a space.

Summary:

One drumset with single mic panned hard left
One drumset with single mic panned hard right

Question:

How do I compress (using only software compression), and what is the reasoning behind?

Hypothesis:

I was thinking of applying a channel compressor to each drumset, with fast attack and moderately aggressive settings to clamp down on transients in hopes of getting a less thin sound from each set. On the mix bus, add a slower attack less aggressive settings in hopes of kind mushing the mix together a bit. Mind you, I want bring up the bottom dynamics a bit, but not kill the dynamic range.

Thoughts:

(Up to you, thanks!)